First Hawaiian Inc ( (FHB) ) has released its Q1 earnings. Here is a breakdown of the information First Hawaiian Inc presented to its investors.
First Hawaiian, Inc. (NASDAQ:FHB) is a bank holding company based in Honolulu, Hawaii, with its principal subsidiary, First Hawaiian Bank, being the oldest and largest financial institution in Hawaii. The company offers a wide range of banking services to both consumer and commercial clients across Hawaii, Guam, and Saipan.
In the first quarter of 2025, First Hawaiian, Inc. reported a solid financial performance despite the prevailing economic uncertainties. The company achieved a net income of $59.2 million, or $0.47 per diluted share, and declared a quarterly dividend of $0.26 per share, reflecting its strong capital position and commitment to shareholder returns.
Key financial highlights for the quarter include a rise in net interest income to $160.5 million, an increase in net interest margin to 3.08%, and a significant boost in noninterest income to $50.5 million. However, the company experienced a decline in total loans and leases by $115.2 million and total deposits by $106.4 million compared to the previous quarter. The provision for credit losses was recorded at $10.5 million, indicating a cautious approach to credit risk management.
The company’s balance sheet remains robust with total assets of $23.7 billion and stockholders’ equity of $2.6 billion. Despite a slight decrease in deposits and loans, First Hawaiian maintains strong capital ratios, which provide a buffer against potential economic challenges.
Looking ahead, First Hawaiian, Inc. remains focused on maintaining its strong financial position and delivering value to its shareholders. The management is confident in the company’s ability to navigate the current economic landscape, supported by its solid balance sheet and deep community ties.